SOLD
Registration Status:
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Your Bid Status:
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Tract:
Lease OG2200279
Gross Acres:
160.00
Net Acres:
160.00
Time Remaining:
Auction has ended
Start Time:
7/26/2022 8:44 AM MDT / 9:44 AM CDT
End Time:
8/2/2022 8:44 AM MDT / 9:44 AM CDT
Your Bid:
-
Highest Bid:
$16/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$3,446.80
(Bonus + Agency Fees + Advanced Rental + 3% Buyer Premium)
Legal Description:
T160, R103
Sec. 16: NW4
Tract Details
Lease No.
Lease OG2200279
County, State
Divide, ND
Legal Description
T160, R103
Sec. 16: NW4
Gross Acres
160.00
Net Acres
160.00
Royalty Rate
3/16ths
Lease Term
5 Years (Paid Up)
Rental/Acre (Per Year)
$1.00
Rental Due At Closing
$800.00
ND Administrative Fee
$10.00
Buyer Premium
3.00%
Important Notices Pertaining to North Dakota Department of Trust Lands Lease Auctions
Provision
S: The land covered by this oil and gas lease is within an area identified as essential wildlife habitat. The lessee or lesseeās operator must contact the commissioner prior to any surface activity. Operational mitigation measures to reduce impact, including timing restrictions, location adjustments and reduced or restricted surface occupancy may be required. Habitat or terrain considerations may preclude locating a well site on this tract.
Seller Acquisition Agreement(s)
The North Dakota Department of Trust Lands Forms and Policies may be found at www.land.nd.gov/surface-minerals-management/mineral-auctions/forms-and-policies.
Successful Bidder Notification
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
Buyer Premium
A 3% Buyer Premium, calculated as 3% of the total bonus, will be added to the cost of this lease.
North Dakota Department of Trust Lands Point of Contact
EnergyNet Points of Contact
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #270
8/2/2022 9:43:43 AM
$16
Bidder #557
8/2/2022 9:43:52 AM
$15
Bidder #270
8/2/2022 9:43:43 AM
$2